223 Michaelmas St
East C, London East, Ontario N5Y 1N2
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700–1,100sq ft
- Per sq ft
- $544at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $4,4042026 tax year
- Built
- 51-99
- Parking
- 51 detached
- Days on market
- Members
The brief
About 223 Michaelmas St
223 Michaelmas St is a 2-bedroom, 2-bathroom detached house in East C, London East, listed for sale at an asking price of $489,900 (MLS® X13847244).
Fantastic two-bedroom bungalow on a quiet street with easy access to schools, parks and a variety of neighbourhood amenities. Proudly owned by just the second owners, this well-maintained home has been thoughtfully updated over the past five years, including new basement windows (2026), HVAC ductwork (2024), air conditioning (2025), refaced kitchen cabinets (2023), new refrigerator (2024) and dishwasher (2022), an updated front porch and refreshed décor throughout the main level. The unspoiled lower level features a two-piece bathroom and offers plenty of potential for additional living space, a recreation room, home office or hobby area. The current dining room also provides the flexibility to be converted into a third bedroom, if desired. A detached garage provides valuable additional parking and can easily accommodate a workshop or hobby space. Outside, enjoy the large, fully fenced and beautifully shaded backyard, complete with gazebo, providing the perfect setting for relaxing and enjoying quiet summer days. A wonderful opportunity to own a charming, well-maintained bungalow in a convenient and established neighbourhood.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall22/100−$978/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 6 homes with 2 bedrooms for lease in East C right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,404 / 2026
- MLS® number
- X13847244
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 51-99
- Days on market
- Size
- 700-1100 sqft
- Lot Size
- 60 x 132 ft
- Listed on
- Parking
- 1 Detached, 5 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- East C
- Municipality
- London East
Building
- Size
- 700-1100 sqft
- Building Age
- 51-99
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Main, 1 × 2pc Lower
- Basement Type
- Development Potential
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Detached
- Garage
- 1
- Additional Parking
- 4
- Total Parking
- 5
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 60 ft
- Depth
- 132 ft
- Lot Size
- 60 x 132 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Shingles
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.52 × 6.45 m | — | Main |
| Dining | 3.47 × 3.65 m | Sliding Doors, W/O To Yard | Main |
| Kitchen | 3.44 × 3.53 m | — | Main |
| Primary | 3.29 × 3.54 m | — | Main |
| 2nd Br | 2.97 × 3.0 m | — | Main |
| Bathroom | 2.06 × 2.34 m | 3 Pc Bath | Main |
| Bathroom | 1.36 × 1.59 m | 2 Pc Bath | Lower |
| Cold/Cant | 1.63 × 3.28 m | — | Lower |
Listing history
Buy/sell history for 223 Michaelmas St, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $489,900 | N/A | Sc | X13847244 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $97,980
- Total mortgage amount
- $391,920
- Total interest payment
- $278,880
- Total purchase cost
- $768,780
- Mortgage payment
- $2,236/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
55%Monthly carrying cost
$2,603- Rent $1,625
- Shortfall $978
Rental income opens at $1,625, the median asking rent of 6 comparable homes for lease in East C. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,273
- Total land transfer tax
- $6,273
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $2,273
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $489,900
- $1,798
- Ontario total
- $6,273
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 7,920 sq ft736 m²
- Street frontage
- 60 ft18.3 m
- Depth
- 132 ft40.2 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m2 test or monitoring holes also recorded.250 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 5.2 km5.2 km
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Corporation of the City of London — Adelaide Pollution Control Plant, 2.0 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in East C right now
- For sale now
- 33
- Median asking price
- $469K
- New in 7 days
- 5
- Price cuts
- 36%
Middle half: $425K to $515K
14 in 28 days
12 listings
This home is asking 4% above the median.
See all homes in East CAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Lord Elgin Public SchoolThames Valley DSB | Public · grades JK–8 | 100 m | 39%Grade 6 average |
| Sir John A Macdonald Public SchoolThames Valley DSB | Public · grades JK–8 | 600 m | 53%Grade 6 average |
| Blessed Sacrament Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 1.2 km | 77%Grade 6 average |
| École élémentaire catholique Ste-Jeanne-d'ArcConseil scolaire catholique Providence | French-language Catholic · grades JK–8 | 2.1 km | 72%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 700 m | 57%Grade 9 math |
| Montcalm Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 1.3 km | 33%Grade 9 math |
| John Paul II Catholic Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 1.4 km | 44%Grade 9 math |
| A B Lucas Secondary SchoolThames Valley DSB | Public · grades 9–12 | 2.8 km | 75%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in East C are shown to signed-in members.